Asia stock markets were softer on Monday ahead of US inflation September data this week, due out on Wednesday, with investors seeking signals about the Federal Reserve's next likely moves on interest rates.

The Nikkei is trading 0.5% lower while the Hang Seng index is down 1.7%. The Shanghai Composite is trading up by 0.6%.

US stocks edged higher on Friday, but not by enough to keep Wall Street from closing out its first losing week in the last three.

The Nasdaq rose marginally, while the Dow Jones Industrial Average ended 0.2% higher.

Here's a table showing how US stocks performed on Friday:

Source: Equitymaster

Back home, Indian share markets are trading on a positive note.

At present, the BSE Sensex is trading higher by 247 points. Meanwhile, the NSE Nifty is trading up by 85 points.

Adani Ports and HCL Tech are among the top gainers today.

Coal India and Eicher Motors on the other hand are among the top losers today.

Broader markets are trading on a positive note. The BSE Mid Cap index and the BSE Small Cap index is trading higher by 0.7%.

Sectoral indices are trading on a positive note with stocks in the power sector, telecom sector, and auto sector witnessing buying.

Shares of ABB India and LTIMindtree hit their 52-week high today.

The rupee is trading at Rs 82.95 against the US dollar.

In commodity markets, gold prices are trading marginally higher at Rs 58,950 per 10 grams today.

Meanwhile, silver prices are trading marginally 0.3% higher at Rs 71,751 per 1 kg.
 

NTPC's Power Milestone

NTPC's group installed capacity has reached 73,824 MW (73.8 GW), according to a company statement on Friday.

The achievement came against the backdrop of the completion of the trial operation of the first unit of 800 MW at Telangana Super Thermal Power Project on 5 September 2023.

With this, the installed capacity of NTPC Limited and NTPC Group has become 57,838 MW and 73,824 MW respectively.

The company said that it is committed to achieving 60,000 MW of renewable energy capacity by the year 2032.

NTPC Ltd is India's largest integrated power utility, contributing 1/4th of the power requirement of the country. It has a diverse portfolio of thermal, hydro, solar, and wind power plants.

In another development, NTPC Green Energy Limited (NGEL), a wholly-owned subsidiary of NTPC Limited, has signed an MoU with V.O Chidambaranar Port Authority (VOCPA) for the development of Green Hydrogen Hub at VOCPA, Tuticorin in Tamil Nadu.

A transition from grey to green hydrogen is happening at a faster pace than expected. NTPC is one of the companies that are contributing to this transition.

As a part of its drive to diversify into clean energy, NTPC is stitching a grand green-hydrogen roadmap. 
 

Adani hikes stake in two group companies

Adani Group has increased its stake in two of the group's listed companies as the ports-to-energy conglomerate continues to work on a claw back strategy after being hit by damaging reports.

The promoter group has increased its stake in flagship Adani Enterprises to 71.9% from 69.9%, according to stock exchange filings.

This is the second time in less than a month that the promoters have raised a stake in the flagship firm that incubates new businesses. The promoters had last month increased their stake in Adani Enterprises Ltd from 67.7% to 69.9%.

The promoter group has also increased its stake in Adani Ports and Special Economic Zone Ltd from 63.1% to 65.2%, the filings showed.

Resurgent Trade and Investment bought almost a one percent stake in Adani Ports and Special Economic Zone in open market transactions and another 1.2% was purchased by Emerging Market Investment DMCC. Both are promoter group firms.

The stake increase comes within weeks of the US-based boutique investment firm GQG Partners buying shares in Adani group firms.

GQG now has a stake in five of the 10 Adani Group firms.

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